0001415889-22-004781.txt : 20220509
0001415889-22-004781.hdr.sgml : 20220509
20220509175542
ACCESSION NUMBER: 0001415889-22-004781
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210128
FILED AS OF DATE: 20220509
DATE AS OF CHANGE: 20220509
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Vorakoun Lisa
CENTRAL INDEX KEY: 0001925075
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11350
FILM NUMBER: 22906458
MAIL ADDRESS:
STREET 1: 1140 N. WILLIAMSON BLVD.
STREET 2: SUITE 140
CITY: DAYTONA BEACH
STATE: FL
ZIP: 32114
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CTO Realty Growth, Inc.
CENTRAL INDEX KEY: 0000023795
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 590483700
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1140 NORTH WILLIAMSON BLVD., STE. 140
CITY: DAYTONA BEACH
STATE: FL
ZIP: 32114
BUSINESS PHONE: 386-274-2202
MAIL ADDRESS:
STREET 1: PO BOX 10809
CITY: DAYTONA BEACH
STATE: FL
ZIP: 32120-0809
FORMER COMPANY:
FORMER CONFORMED NAME: CTO Realty Growth Inc.
DATE OF NAME CHANGE: 20200508
FORMER COMPANY:
FORMER CONFORMED NAME: CONSOLIDATED TOMOKA LAND CO
DATE OF NAME CHANGE: 19920703
4
1
form4-05092022_020503.xml
X0306
4
2021-01-28
0000023795
CTO Realty Growth, Inc.
CTO
0001925075
Vorakoun Lisa
1140 N. WILLIAMSON BLVD.
SUITE 140
DAYTONA BEACH
FL
32114
false
true
false
false
VP & CHIEF ACCOUNTING OFFICER
Common Stock
2021-01-28
4
F
0
422
43.01
D
3870
D
Common Stock
2021-02-10
4
A
0
1915
0
A
5785
D
Common Stock
2021-02-26
4
S
0
861
52.05
D
4924
D
Common Stock
2021-03-17
4
S
0
1500
56.10
D
3424
D
Common Stock
2022-01-28
4
F
0
487
57.95
D
2937
D
Common Stock
2022-02-17
4
A
0
1700
0
A
4637
D
Common Stock
2022-03-24
4
S
0
1000
63.50
D
3637
D
On 1/28/2021, a total of 1,426 shares of restricted common stock of the Issuer previously awarded to the reporting person became vested and unrestricted. A portion of the vesting shares was withheld by the Issuer in order to satisfy the reporting person's tax liability.
On November 10, 2020, the Issuer's Board of Directors declared a special distribution on its shares of common stock in an aggregate amount of $55.8 million (the "Special Distribution"). The Special Distribution was paid on December 21, 2020 (in a combination of cash and shares of the Issuer's common stock), to shareholders of record as of the close of business on November 19, 2020. As a result of the Special Distribution, the reporting person received 259 shares of the Issuer's common stock, which additional shares are reflected in Box 5 above. In addition, the amount in Box 5 above also includes 1,509 shares of restricted common stock which vest over time, 1,200 of which were previously reported, and 309 of which were additional shares representing an equitable adjustment addressing the dilutive effect of the stock portion of the Special Distribution. Of the 1,426 vesting restricted shares referenced in note 1 above, 1,134 were previously reported and 292 constituted part of the above-referenced equitable adjustment..
Restricted shares one-third of which vest on each of the first, second and third anniversaries of January 28, 2021, provided that the reporting person is an employee of the Issuer on those dates.
This amount includes the 1,915 restricted shares awarded on 2/10/21 and reported above, as well as 1,509 additional shares of restricted common stock which vest over time, which were reported previously and above.
This amount consists of 3,424 shares of restricted common stock which vest over time, which were reported previously and above.
On January 28, 2022, a total of 1,644 shares of restricted common stock of the Issuer previously awarded to the reporting person became vested and unrestricted. A portion of the vesting shares was withheld by the Issuer in order to satisfy the reporting person's tax liability.
This amount includes 1,780 shares of restricted common stock which vest over time, which were reported previously and above.
Restricted shares one-third of which vest on each of the first, second and third anniversaries of January 28, 2022, provided that the reporting person is an employee of the Issuer on those dates.
This amount includes the 1,700 restricted shares awarded on 2/17/22 and reported above, as well as 1,780 additional shares of restricted common stock which vest over time, which were reported previously and above.
This amount includes 3,480 shares of restricted common stock which vest over time, which were reported previously and above.
/s/ Daniel E. Smith, attorney-in-fact for Lisa M. Vorakoun
2022-05-09